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Volkswagen Builds New Golf-based SUV

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  • Volkswagen Builds New Golf-based SUV

 

Following the success of Volkswagen Tiguan, a sport utility vehicle, the automaker has completed work on another SUV, which will be based on the Golf model and positioned below the Tiguan.

Many people love the Golf, even in Nigeria. Those who have used the sedan Golf give nice testimonies about the fuel-efficient and easy to maintain vehicle. The idea of a Golf-based SUV is indeed good music to them.

The German automaker says the new SUV has been built based on the popular Golf model and it is meant to expand the Golf line-up.

A report on Tuesday by an auto journal, drive.com, says the new crossover SUV was originally previewed by the T-Roc concept car.

But lovers of VW and crossover SUV will have to wait up until next year after the new ride must have be unveiled at the Geneva motor show in March 2017, according to senior officials at Volkswagen’s Wolfsburg headquarters in Germany.
No official statement has been made on possible sales of the new Volkswagen SUV, though the new high riding model will slot into the German automaker’s line-up underneath the second-generation Tiguan, says drive.com.

It says, “Earlier reports suggested the new Volkswagen SUV would eschew the T-Roc name for a more conventional nomenclature.

“A copyright application made in 2014 reveals Volkswagen registered alternatives for the new model, including Teracor, but Volkswagen boss Herbert Diess has now confirmed a decision has been made to retain the T-Roc name for the production version.

Unlike the original targa roof touting T-Roc concept revealed back in 2014, the production version of Volkswagen’s latest SUV is planned to receive a fixed roof and five-door hatchback layout, similar to its more conventional Golf siblings.

While adopting typical Volkswagen styling elements, the new SUV will sport a uniquely styled steel body.

In concept car form, the T-Roc measures 4178mm in length, 1831mm in width and 1501mm in height, reports another online auto journal, Autocar.

By comparison, the second-generation Tiguan stretches to 4486mm in length, 1839mm in width and 1632mm in height.

Like the Golf and Tiguan, the T-Roc is based on Volkswagen’s versatile MQB platform. It is expected to come with a wheelbase similar to the Golf at 2640mm, or 41mm shorter than the Tiguan.

Interior

Inside, the production T-Roc is planned to adopt the same dashboard and features as the newly unveiled face-lifted seventh-generation Golf, complete with an optional high definition Active Info Display instrument pack and 9.2 inch infotainment monitor supporting touch, speech and gesture control.

Engine

Among the engines set to power the new Volkswagen is the company’s turbocharged 1.0-litre three-cylinder TSI petrol engine with 84kW as well as the new turbocharged 1.5-litre four-cylinder TSI Evo units unveiled in the face-lifted Golf in 96kW and 110kW guises.

Also planned is a turbocharged 2.0-litre four-cylinder petrol engine that will provide the basis for the T-Roc GTi with up to 180kW.

The diesel line-up will include updated versions of Volkswagen’s 1.6-litre and 2.0-litre four-cylinder engines, which Diess describes as being “cleaner than most from rival manufacturers”.

Alongside front-wheel drive, selected T-Roc models are also planned to offer four-wheel drive, either as an option or as standard.

Gearboxes will include a standard six-speed manual and optional seven-speed dual clutch automatic, or DSG dual shift gearbox as Volkswagen prefers to call it.

Auto car also says, “The T-Roc is one of three new SUVs to be added to the Volkswagen line-up before the end of 2019. The larger Atlas, which is reserved primarily for the US and Chinese markets, made its debut late last month. An even smaller model, previewed by the T-Breeze concept at this year’s Geneva motor show, is planned to go into production by 2019.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Elon Musk Promises to Reward Best Carbon Technology $100 Million

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Elon Musk Promises to Reward Best Carbon Technology $100 Million

The Chief Executive Officer (CEO) of Tesla Inc. has announced that he will donate $100 million in reward for the best carbon capture technology.

The richest man in the world disclosed this in a tweet on Thursday.

“Am donating $100M towards a prize for best carbon capture technology,” Musk tweeted. “Details next week.”

Elon R Musk gained +$375 million in the last 24 hours to take his total gain in net worth this year to $32 billion and $202 billion total net worth.

Musk, who worth just about $27 billion in January 2020, has risen through the rank to top the world’s richest billionaire index.

The $100 million would be Musk’s largest known donation to date and represents around 0.05 percent of his net worth.

In 2012, Musk signed “The Giving Pledge” to join the list of billionaires that promise to donate half of their fortune to charity in their lifetime or in their wills.

Musk worth just $2 billion when he signed the pledge.

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YouTube Suspends Trump Channel

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YouTube Suspends Trump Channel

Google-owned YouTube on Tuesday temporarily suspended President Donald Trump’s channel and removed a video for violating its policy against inciting violence, joining other social media platforms in banning his accounts after last week’s Capitol riot.

Trump’s access to the social media platforms he has used as a megaphone during his presidency has been largely cut off since a violent mob of his supporters stormed the Capitol in Washington DC last week.

Operators say the embittered leader could use his accounts to foment more unrest in the run-up to President-elect Joe Biden’s inauguration.

“In light of concerns about the ongoing potential for violence, we removed new content uploaded to Donald J. Trump’s channel for violating our policies,” YouTube said in a statement.

The channel is now “temporarily prevented from uploading new content for a ‘minimum’ of 7 days,” the statement read.

The video-sharing platform also said it will be “indefinitely disabling comments” on Trump’s channel because of safety concerns.

Facebook last week suspended Trump’s Facebook and Instagram accounts following the violent invasion of the US Capitol, which temporarily disrupted the certification of Biden’s election victory.

In announcing the suspension last week, Facebook chief Mark Zuckerberg said Trump used the platform to incite violent and was concerned he would continue to do so.

Twitter went a step further by deleting Trump’s account, depriving him of his favorite platform. It was already marking his tweets disputing the election outcome with warnings.

The company also deleted more than 70,000 accounts linked to the bizarre QAnon conspiracy theory, which claims, without any evidence, that Trump is waging a secret war against a global cabal of satanist liberals.

Trump also was hit with suspensions by services like Snapchat and Twitch.

The president’s YouTube account has amassed 2.77 million subscribers.

The home page of the Trump channel featured a month-old video of Trump casting doubt on the voting process in November’s presidential election, and had logged some 5.8 million views.

On Tuesday, an activist group called on YouTube to join other platforms in dumping Trump’s accounts, threatening an advertising boycott campaign.

(AFP)

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Analysts Predict 1,137% Earnings Per Share Growth for Shopify’s Full Year 2020

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Analysts Predict 1,137% Earnings Per Share Growth for Shopify’s Full Year 2020

While the pandemic has devastated countless businesses, it has provided a major boon for eCommerce platform Shopify.

Shopify’s stock rallied by 169.9% in 2020 compared to the industry’s 26.6% growth. As of mid-December 2020, according to the research data analyzed and published by Finnish site Sijoitusrahastot, it had a 90 RS rating, which means that it had outperformed 90% of stocks during the year.

Based on the Zacks Consensus Estimate, its Q4 earnings per share (EPS) are set to jump by 188.37% to $1.24 while its sales will grow by 78% to $899.2 million. For the full year 2020, analysts project a massive 1,137% jump for the Shopify EPS.

Shopify Merchants Sell Over $5.1 Billion on Black Friday, Cyber Monday

Since Shopify went public in 2015, its stock has risen over 40-fold to more than $1,200 at the end of December 2020. Between 2016 and 2019, it skyrocketed by over 1,400%.

The eCommerce platform’s earnings for Q1 to Q3 2020 grew at an average of 552%. That was well above the 101% three-year average. In Q3 2020, its revenue nearly doubled from $390.6 million to $767.4 million.

Earnings in Q3 2020 rose from a net loss of 29 cents to $1.13 per share. Gross Merchandise Volume (GMV) soared by 109% reaching $30.9 billion, compared to 46% in Q1 2020 and 119% in Q2 2020. For the first nine months of 2020, there was a revenue increase of 82%.

For the first time, Shopify’s GMV surpassed that of eBay in Q2 2020, doing it again in Q3 2020. It claims to have a 6% share of the US market, higher than eBay’s but lower than Amazon’s 37%.

During the Black Friday Cyber Monday weekend, merchants on the Shopify platform sold goods worth $5.1 billion. Compared to 2019, this marked a 76% uptick and set a new record. Comparatively, independent businesses on Amazon sold goods worth $4.8 billion. The number of buyers on Shopify increased by 50% year-over-year (YoY) to 44 million during that weekend.

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